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The Saudi Fisheries Company announcing the signing ‎of a Memorandum of Understanding with the Arabian ‎Agricultural Services Company (ARASCO)‎

SFICO 6050 8.38% 24.82 1.92
Element List Explanation
Introduction The Saudi Fisheries Company announcing that it signed a ‎non-binding Memorandum of Understanding with the ‎Arabian Agricultural Services Company (ARASCO) on ‎‎13-03-1443 AH, corresponding to 19-10-2021 AD‎‏.‏‎ for a ‎period of six months from the date of the signature, and ‎can be extended. The objective is to consider future ‎cooperation regarding the manufacturing and commercial ‎operation of the company’s Feed factory for seafood ‎‎(under construction) at Al-Huraydah in the Asir region.‎
Memorandum Signing Date 2021-10-19 Corresponding to 1443-03-13
Counterparty Arabian Agricultural Services Company (ARASCO)‎
Memorandum Subject Consider future cooperation regarding the manufacture ‎and commercial operation of the company’s Feed factory ‎for seafood (under construction) at Al-Huraydah in the ‎Asir region.‎
Memorandum Duration Six months from the date of signature (extendable).‎
Related Parties There are no related parties.‎
Financial Impact There is no financial impact on the financial statements ‎currently. Any updates or developments will be ‎announced in due time.‎

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